Artificial intelligence like ChatGPT will lead to 300 million job cuts worldwide
The spread of AI may affect administrative workers as well as lawyers
Around 300 million jobs worldwide could be automated by the latest developments in artificial intelligence (AI). This includes the impact of large linguistic models such as ChatGPT.
Source. This was reported by AIN.ua with reference to the analysis of Goldman Sachs.
About 18% of the world's workload can be computerized thanks to this, and the effect of AI will have a greater impact on the economies of developed countries than developing ones.
Office workers are more likely to feel the impact of these technologies on their work processes than manual laborers. According to analysts, the spread of AI may affect administrative workers and lawyers the most.
In the US and Europe, approximately two-thirds of current jobs may be affected by AI and automation to some degree. AI will be able to fully perform up to a quarter of all jobs.
The future use of technologies like ChatGPT may lead to job losses. But in the long run, new technologies and innovations can contribute to the growth of the labor market as well as overall productivity.
The widespread adoption of AI could eventually increase global GDP by 7% over a 10-year period, the bank noted.
Read more about the technologies that are becoming more widely used in Mind's article "Artificial Intelligence: Who Owns Copyright and Property Rights".
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